Movable Python effectively has a normal Python interpreter embedded in it,
so the answer is very compatible. For an example of a large and complex
program that runs under Movable Python, see SPE the Python editor. A
Movable Python user also reports running Zope
3.2 with Movable Python.

There are slight differences between the environment programs run in under
Movable Python. See the ISSUES Page for a list of things
you should be aware of.